Section 4096 Of Article 9. Merger, Consolidation, Reinsurance, Or Transfer Of Assets And Liabilities From California Insurance Code >> Division 2. >> Part 1. >> Chapter 4. >> Article 9.
4096
. In the event a domestic mutual insurer is merged,
consolidated, or a part of a reorganization under the procedures
specified in this article, and the surviving, consolidated, or
continuing company is a nonadmitted insurer, the plan of merger shall
provide either for that insurer to be admitted to transact insurance
in California or for any nonsurviving insurer admitted in California
to withdraw from the state.